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33716982
33716941

1656 Stevens Street, Las Vegas, NV 89115

PJ
NV NV 0029506
The Junge Group - eXp Commercial
CA
NV S.0224021
DS
NV NV #S.0191360
Listed by The Junge Group - eXp Commercial
$660,000
9 days on market
Updated 0 days ago

Income Producing 4 Unit Multifamily - 1656 Stevens Street

Details
APN 140-19-411-005
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,196
Units 5
Beds 8
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.58%
Pro-Forma NOI $43,428
Class C
Year Built 2022
Buildings 1
Acreage 0.210
Zoning RM18
Parking Spaces 5 spaces
Parking Per SqFt 1.56
Investment Type Stabilized

Multifamily | Stabilized | Renovated | 4 Units

Marketing description

Rare 100% occupied fourplex investment opportunity in Las Vegas with strong rental appeal and a functional, income-producing setup. Each of the four units features a desirable 2-bedroom, 1-bath floor plan with approximately 799 square feet per unit, creating a total of 8 bedrooms, 4 bathrooms, and 3,196 square feet of multifamily living space. This property offers the kind of consistency investors look for, with all units currently occupied and professional property management already in place. Beyond the apartment units, the property includes four separate storage rooms, an onsite laundry room, a central courtyard, and five parking spaces, giving tenants added convenience while creating a more complete rental experience. The property has also benefited from meaningful improvements, including a newer roof installed in 2022, newer exterior paint, and semi-renovated interiors across all units. Bathrooms and kitchens have been updated, helping improve tenant appeal and long-term functionality. For investors seeking a stabilized Las Vegas multifamily property, this fourplex delivers immediate occupancy, practical upgrades, and operational simplicity. Amazing property to add to your portfolio!

Investment highlights

  • 100% occupied fourplex with strong rental appeal
  • Four 2-bedroom, 1-bath units with approximately 799 square feet per unit
  • Total of 8 bedrooms, 4 bathrooms, and 3,196 square feet of multifamily living space
  • Professional property management already in place
  • Four separate storage rooms, onsite laundry room, and central courtyard
  • Five parking spaces for tenant convenience
  • Newer roof installed in 2022
  • Newer exterior paint and semi-renovated interiors across all units
  • Updated bathrooms and kitchens
  • Pro Forma NOI of $43,428 with 6.58% cap rate

Listing Contacts

PJ
NV NV 0029506
The Junge Group - eXp Commercial
CA
NV S.0224021
DS
NV NV #S.0191360
Listed by The Junge Group - eXp Commercial

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Zoning

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RM18 ResidentialMulti FamilyResidential Multifamily 18
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Last updated Jan 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Pamela Junge
License
NV 0029506
Brokerage Phone
7028126339
Name
Colin Acasio
License
S.0224021
Brokerage
eXp Commercial
Brokerage Phone
702-326-3535
Title
Commercial Real Estate Advisor
Brokerage Address
10845 Griffith Peak Drive
Name
Daniel Stewart
License
NV #S.0191360
Brokerage
exp realty
Brokerage Phone
7025403453
Title
Realtor
Brokerage Address
10845 Griffith Peak Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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